Ripple whales have been actively accumulating XRP in the last month, purchasing nearly $2 billion worth of tokens.
Speculation is rising that whales might be preparing for a potential price surge, possibly related to XRP ETF approval and Ripple-Circle acquisition rumors.
There are suspicions that whales may have access to inside information, considering the significant token accumulation.
The possibility of a spot XRP ETF approval in the US could further drive the demand for XRP, as it provides a simplified way for investors to gain exposure to the asset.